137-139 Willett Ave - Apartments FOR SALE


Port Chester, NY 10573- Rye Brook/Port Chester
$3,033,333 USD
914-879-3235
137-139 Willett Ave, Port Chester, NY for Sale
$3,033,333 USD
Apartments - FOR SALE
1/3
null | 6% Cap Rate

137-139 Willett Ave
Port Chester, NY 10573
Rye Brook/Port Chester


HIGHLIGHTS

  • A Rare Ten-Unit Portfolio in Thriving Port Chester
  • Ideal Unit Mix: A secure blend of residential and commercial tenants:
  • Steps from Metro-North Train Station | High demand from NYC commuters.
  • Surrounded by New Residential Developments | Indicates strong local investment and future property value growth

OVERVIEW

Prime Investment Opportunity! 10 unite -Multi-Use Commercial & Residential Property 135-139 Willett's Ave, Port Chester, NY 10574 A Rare Ten-Unit Portfolio in Thriving Port Chester Seize a chance to own a fully-occupied, high-yield mixed-use building in the dynamic "Coolchester" market. Located in the heart of downtown, this property offers a diverse income stream from both residential and established retail tenants. Investment Highlights * Exceptional Annual Income: Generating a substantial $245,000 in total annual gross income. * Ideal Unit Mix: A secure blend of residential and commercial tenants: * 8 Residential Units: All highly-desirable one-bedroom apartments. * 2 Ground-Floor Retail Stores: Providing consistent commercial income. * Strong Cash Flow Potential: The robust current income and in-demand unit sizes (1BR apartments) provide an excellent foundation for immediate cash flow and future rent growth. Premier Location: Downtown Port Chester Port Chester is a vibrant, high-demand area often referred to as the "Brooklyn of Westchester County" for its rapid development, culinary scene, and cultural attractions. Steps from Metro-North Train Station | High demand from NYC commuters. | Walkable to The Capitol Theatre | Attracts residents seeking entertainment and nightlife. | Surrounded by New Residential Developments | Indicates strong local investment and future property value growth. | Access to I-95 & I-287 | Easy connectivity to Westchester County, NYC, and Connecticut Property Features This well-maintained building ensures ease of management and lower capital expenditure for the new owner. * Mixed-Use Zoning: Flexibility for future use and high marketability. * Residential Units: In-demand one-bedroom layouts, appealing to young professionals and single renters who are flocking to the area. * Retail Presence: Established commercial storefronts drive foot traffic and stability to the income. * Rye Brook/Port Chester Neighborhood: A desirable area with average 1-bedroom rents estimated around $2,400 - $3,000 per month, indicating strong rental market support. This is more than a building; it's a strategically positioned financial asset ready to deliver immediate returns. For a confidential offering memorandum, detailed financials, and to schedule a private showing, please contact: Don't miss this opportunity to acquire a gem in one of Westchester's hottest markets!

FOR SALE DETAILS

PRICE

$3,033,333 USD

PRICE/SF

$388 USD /SF

# OF UNITS

10

PRICE/UNIT

$303,333

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

5

APN/PARCEL ID

4801-142-000-00023-001-0028-0000000

ASK ABOUT THIS PROPERTY

Gena DiDonatoCompass Greater NY LLCMore Info
914-879-3235

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Gena DiDonatoCompass Greater NY LLCMore Info
914-879-3235

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.